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NZD/USD extends losses for the third consecutive session as risk-off remains at play, weighing higher-yielding currencies such as the NZD.
- The pair has seen retrace from falling trendline resistance (tested on 4th and 5th Feb) and is currently below daily cloud and 200-DMA.
- 0.6520 (rising trendline) is strong support for the pair, breaks below could take the pair to 0.6450 and then 0.6425 levels.
- On the upside the pair finds immediate resistance at 0.6642 (5-DMA) and then at 0.6656 (cloud base).
- Focus now remains on Wednesday's Fed Chair Yellen's testimony and the US retail sales data due on Friday for further momentum
